Archive · 29 Aug 2026
Aster DM Subsidiary Acquires 14.21% Stake in STS Holdings
Aster DM Quality Care said its subsidiary bought part of another company.
The subsidiary is called Chemistry Intermediate Holdings Ltd.
It bought 14.21% of STS Holdings Ltd.
STS Holdings is incorporated in Bangladesh.
The deal cost USD 44.11 million.
Chemistry Intermediate Holdings is incorporated in Mauritius.
The purchase was connected to a merger agreement made in November 2024.
India’s National Company Law Tribunal approved the acquisition in June 2026.
Chemistry Intermediate Holdings Ltd acquired a 14.21% stake in Bangladesh-incorporated STS Holdings Ltd.
The transaction was valued at USD 44.11 million.
Chemistry Intermediate Holdings Ltd is incorporated in Mauritius.
The acquisition follows a merger framework agreement signed on November 29, 2024.
The National Company Law Tribunal’s Hyderabad bench approved the acquisition on June 19, 2026.
- Who
- Chemistry Intermediate Holdings Ltd, a subsidiary of Aster DM Quality Care Ltd, acquired the stake from STS Holdings Ltd.
- What
- The subsidiary acquired a 14.21% stake in STS Holdings for USD 44.11 million.
- When
- The transaction was reported on August 29, 2026; approval was dated June 19, 2026.
- Where
- STS Holdings is incorporated in Bangladesh, while the acquiring subsidiary is incorporated in Mauritius; approval came from the Hyderabad bench of the National Company Law Tribunal.
- Why
- The acquisition was made in line with a merger framework agreement executed on November 29, 2024.
- Acquirer
- Chemistry Intermediate Holdings Ltd
- Parent company
- Aster DM Quality Care Ltd
- Target company
- STS Holdings Ltd
- Stake acquired
- 14.21%
- Deal value
- USD 44.11 million
- Merger agreement
- Executed on November 29, 2024
- Regulatory approval
- National Company Law Tribunal, Hyderabad bench, order dated June 19, 2026